There's moving deck chairs, and there's tweaking feedback loops.
50+ years' experience with same-people-different-system states (East & West Germany, North & South Korea, Hong Kong/Taiwan vs. PRC, and others, not all democratic v. Communist states) show that small changes in annual growth rate can compound drastically over time.
While I'm not suggesting that all the ills of the world can be resolved just by adjusting various marginal tax rates, I am strongly suggesting that shifting incentives for major economic activity from rent-seeking value-extraction to socially-benefiting wealth-creation would be a big plus. Tim O'Reilly's been making some vary interesting comments in this regard over on Google+.
50+ years' experience with same-people-different-system states (East & West Germany, North & South Korea, Hong Kong/Taiwan vs. PRC, and others, not all democratic v. Communist states) show that small changes in annual growth rate can compound drastically over time.
While I'm not suggesting that all the ills of the world can be resolved just by adjusting various marginal tax rates, I am strongly suggesting that shifting incentives for major economic activity from rent-seeking value-extraction to socially-benefiting wealth-creation would be a big plus. Tim O'Reilly's been making some vary interesting comments in this regard over on Google+.